Hansa Cequity acquires Bangalore-based data sciences company D-Square

The data sciences company caters to clients in IT and networking, BFSI and other industriesETBrandEquity | Updated: July 21, 2016, 18:33 IST

Picture credits: ThinkStockHansa Cequity has announced a majority stake in D-Square Solutions Private Limited, a data sciences and analytics company based out of Bengaluru. The terms of the deal have not been disclosed.

In a statement, S Swaminathan, CEO and co-founder of Hansa Cequity said, “This acquisition would strengthen our data science expertise and help in building strong capabilities in building cutting-edge artificial intelligence and machine learning capabilities in addition to enhancing our analytics-driven marketing offerings. Founded in 2009, Bengaluru based D-Square Solutions brings together business analytics products and consultancy solutions to help optimise time spent on informed decisions.”

“There has always been a growing appetite by decision makers for data science,” said Anand Srinivasan, founder and chief executive of D-Square Solutions.

The company currently caters to clients in IT and networking, BFSI and other industries across markets. Srinivasan is a thought leader and solution specialist in data science.

Ajay Kelkar, COO and co-founder of Hansa Cequity said, “The new acquisition would help leverage on data science in many of Hansa Cequity verticals while giving a lot of focus and cutting-edge capability to the products and platforms that we are developing.”

Hansa Cequity had raised around $5 million (Rs 30 crore) from private equity firm ASK Pravi in June last year. This is Hansa Cequity’s first acquisition in the Indian market where analytics start-ups are emerging with niche offerings.

“D-Square will operate as a separate entity but will synergize its resources and offerings with Cequity,” added Kelkar.